Right this moment, in crypto, TON launched the UAE Golden Visa program, which requires simply $100,000 in staked TON, although this system’s validity was questioned by former Binance CEO Changpeng “CZ” Zhao. In the meantime, Arkham mentioned the latest $8.6 billion Bitcoin whale switch doesn’t appear to be it’s being bought off, and musical artist Drake talked about BTC in a brand new music.
TON affords 10-year UAE golden visa for $100K in staked Toncoin
The Open Community (TON), the blockchain platform spun out of Telegram, has unveiled a brand new pathway to UAE residency, providing 10-year Golden Visas to candidates who stake $100,000 price of Toncoin (TON) for 3 years and pay a one-time $35,000 processing charge.
“Safe your Golden Visa in beneath 7 weeks from doc submission to the Visa Workplace,” TON introduced Saturday, detailing that its UAE-based companions will handle the visa processing and residency standing affirmation.
Candidates retain management of their property in the course of the staking interval by means of a decentralized sensible contract verifiable on the TON blockchain. Moreover, this system guarantees estimated annual yields of three% to 4% on staked property, including an incentive for crypto traders.
The Golden Visa extends protection to instant relations, together with spouses, youngsters, and oldsters, at no further value past commonplace authorities charges.
Nevertheless, former Binance CEO Changpeng “CZ” Zhao questioned this system’s legitimacy, declaring the dearth of official authorities bulletins.
“It will be superior IF it’s true. However I bought conflicting data to date,” CZ mentioned, including that there’s “no official gov web site” with any replace in regards to the Golden Visa provide.
$8.6B Bitcoin whale switch reveals no indicators of sell-off: Arkham
Blockchain intelligence agency Arkham says the latest $8.6 billion in Bitcoin that was moved on Thursday for the primary time in over 14 years doesn’t seem like heading for a sell-off.
“There aren’t any indications that this whale is promoting Bitcoin,” Arkham mentioned in an X submit on Friday.
Arkham agency added that the eight transfers — which moved 10,000 Bitcoin at a time from eight wallets that had been untouched for over 14 years — could also be probably because of the proprietor upgrading from the unique legacy pockets to a Native SegWit deal with, that are mentioned to have improved safety and decrease charges.
“Yesterday’s $8 billion transfers had been probably associated to deal with upgrades, shifting from 1-addresses to bc1q-addresses,” Arkham mentioned.
Drake drops Bitcoin reference in new music
Musical artist Drake talked about Bitcoin (BTC) in his newest music “What Did I Miss?” The music was launched on Saturday and is already drawing consideration from Bitcoiners on social media.
Drake beforehand guess $1 million in BTC on the end result of the 2022 Tremendous Bowl; the championship sport of the American contact sport. The precise verse from the music goes:
“I take a look at this shit like a BTC, could possibly be down this week, then I am up subsequent week. I do not give a fuck if you happen to love me. I do not give a fuck if you happen to like me. Askin’ me ‘How did it really feel?’ Cannot say it did not shock me.”
Popular culture references to Bitcoin point out that the digital asset is steadily shifting from a distinct segment phenomenon into the mainstream.
